The Three Oceans strategy
Strengthening regional cooperation
Contributing to economic and social development
Making the Three Oceans “100% Paris Agreement” regions
Launching more partnership initiatives
Located in three oceans and on four continents, France’s overseas territories give it a reach that extends far beyond its mainland borders and a unique global presence. Alongside their neighbors, these territories are suffering from the effects of climate change and the unique challenges of small, isolated island economies.
In 2019, to effectively meet the specific needs of these territories and help them integrate into their regional basin, AFD adopted the Three Oceans strategy, in which the overseas territories form a bridge between France and their neighbors. With its unique, longstanding presence in these territories, AFD Group has the ambition of supporting their plans for sustainable development and helping strengthen their ties with their neighbors.
To develop concerted regional approaches in each of the oceanic basins where the overseas territories are located, the AFD Group network is organized into three regional divisions: Atlantic Ocean, Indian Ocean, and Pacific Ocean. Each covers the overseas territories and countries within its regional basin. With this approach, AFD enhances the convergence of its overseas and international initiatives. It focuses its efforts on economic and social development and addressing common challenges (fighting climate change and inequalities).
In 2018, AFD funded 255 projects for a total of €1.7 billion, corresponding to 15% of the Group’s total commitments in 2018.